KUALA LUMPUR (Dec 15): Malaysia’s ringgit and China’s yuan are emerging as Asia’s most-promising currencies for fund managers as they look for the best place to put their money in the new year. A gauge of Asian currencies is up 5.5 percent this year, set for its best performance since 1998. South Korea’s won is leading spot gains, while the ringgit tops in terms of total returns. With prospects for better exports and economic growth, the currency has delivered a total return of more than 13 percent. That bodes well for the yuan in 2018 as higher rates are seen luring investors.

Source: The Edge Markets December 14, 2017 23:15 UTC